New Zealand allocates $NZ 1.2bn for rail development

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John Ashworth
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New Zealand allocates $NZ 1.2bn for rail development

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New Zealand allocates $NZ 1.2bn for rail development
The funding includes:

- $NZ 421m for new freight wagons and locomotives
- $NZ 246m to support investment in track and supporting infrastructure, along with a potential $NZ 148m top up through the National Land Transport Fund, and
- $NZ 400m to help replace national railway KiwiRail’s ageing Interislander road/rail ferries and associated portside infrastructure...
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